No one can deny that this is not a strong thrust. In fact this has been the strongest for a long while. Soon, I will be buying Oil ETFs (i.e. Horizon) into my portfolio. Waiting for good Entry point. I believe we will see new highs and the first stop will be possibly around 37 dollars. Good trades..
Trade closed: target reached: I made a forecast for Oil over a month ago, that it will reach 37$ range. Today I consider it fulfilled. Oil is now at a strong Resistance and I doubt it will pierce it quite easily (then again you never know). However I would suggest traders to take a rest for a while in trading Long in Oil, until a new opportunity arises. Good Trades